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Federal Reserve announces results of offering of seven-day term deposits on February 23

Release Date: February 23, 2017

For release at 3:30 p.m. EST

On February 23, 2017, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits with the rate set equal to the sum of the interest rate paid on excess reserves plus a fixed spread of 1 basis point.

Following are the results of the operation:

TDF Operation ID:    F67
Total Amount Awarded:    $16,625,000,000
Number of Participants:    30

The awarded deposits will settle on February 23, 2017, and will mature on March 2, 2017. The operation effective rate will apply to all awarded deposits.

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